Monday, 29 April 2019

EURUSD Brushes Off Consumer Confidence Weakness, Heavyweight Data Ahead

The Euro uptrend is tested as the Eurozone’s Economic Confidence figure comes in slightly worse than expected, at 104 (Exp. 105) and Consumer Confidence remains unchanged at -7.9.


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COT Report: Euro Shorts Looking Crowded, USD Longs Continue to Build

Speculators have boosted their USD long positioning yet again, Euro shorts are beginning to look crowded, while GBP net positioning is back to short.


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Gold Price Rebound Under Threat, Silver Battles Conflicting Signals

Gold and silver continue to draw attention with both now looking for their next move after Friday’s price action. There is a lot of potential risk events this week – will that boost the pair?


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S&P 500, DAX Fundamental Forecast: Focus on FOMC, NFP & Apple Earnings

The S&P 500 moved within touching distance of its record peak, while the DAX outperformed relative to its major counterparts.


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Dollar May Rebound on Soft US PCE Data, S&P 500 May Be Topping

The US Dollar may return on the offensive if soft PCE data stokes haven demand. S&P 500 technical positioning bolsters the case for on-coming risk aversion.


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Sunday, 28 April 2019

Asian Stocks Mixed Despite US Tailwind, Tokyo’s Long Absence Starts

Regional mainboards will have to do without holiday-closed Japan until well into May. Judging by Monday’s showing that could make for a serious reduction in trading action


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Gold Prices Surge on US GDP Data, Chart Still Warns of Topping

Gold prices surged as US GDP data drove Treasury bond yields and the Dollar lower. Chart positioning still hints a major top has been established however.


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USD/SGD May Rise on Fed as Crude Oil Weakness Stems USD/PHP Rise

The US Dollar may rise versus the Singapore Dollar on the Fed as a cooldown in crude oil prices supports the Philippine Peso. China Manufacturing PMI may surprise higher, boosting MYR.


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ASX 200 Holds Near 11-Year Highs as Key Bank Earnings Approach

The ASX 200’s impressive run higher has taken it up to peaks not seen since late 2007, where it seems to be holding as a key fundamental week approaches


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Japanese Yen Flash Crash Warning on High Alert - Calm Before the Storm

Markets are on high alert for a potential flash crash to prompt a surge in volatility with Japanese markets closed for the longest period since World War 11.


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US Dollar Fell on Mixed GDP, Crude Oil Prices at Uptrend Support

The US Dollar fell on mixed GDP data, crude oil prices dropped to uptrend support as Trump pressured OPEC to lower prices. Japanese markets are offline, offering less liquid conditions.


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Weekly Technical Forecast: Key EURUSD, Nasdaq and Crude Oil Breaks Need Follow Through

We have experienced a number of key technical breaks just this past week alone. The Dollar broke to a near two-year high, the Nasdaq revived its charge to record highs and crude oil has put in for a tentative reversal.


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Dow Jones, S&P 500, DAX 30 and FTSE 100 Technical Forecast

The S&P 500 trades narrowly beneath its all-time high which has offered resistance while the DAX faces resistance at a key Fib level.


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S&P 500, FTSE 100 Outlook: Trade War Deadline, Brexit Vote, Fed Powell Testimony in Focus

The S&P 500 moved within touching distance of its record peak, while the DAX outperformed relative to its major counterparts.


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Saturday, 27 April 2019

EURUSD Weekly Technical Outlook: Euro May Bounce, but Buyer Beware

The Euro dropped to near two-year lows last week but found some buyers late; general tone favor lower prices soon; DXY should continue its breakout.


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EUR Forecast: Traders Eye Eurozone GDP, Jobs, CPI Data Upcoming

The Euro came under renewed pressure after suffering steep losses against the US Dollar and the Japanese Yen since last Friday. Could EUR face additional downside next week with Eurozone GDP and Inflation data on deck?


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Gold Prices Earn Biggest Week Rally in Three Months, Is This a Reversal?

Gold prices earned a meaningful recovery through the second half of this past week, charging the best week’s climb in three months. Similar moves of this scale have triggered bull phases recently, but does tha hold here?


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Gold Price Outlook: A Week Packed Full of Major Risk Events and Data

A deluge of high importance data releases and two major central bank interest rate decisions may buffet gold all next week, with the latest US non-farm payrolls to bring the week to a close, just for good measure. Add in low liquidity in Asia and traders will need to be on their toes for sharp bouts of risk and volatility.


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US Dollar Weekly Price Outlook: Rally at Multi-year Trend Resistance

The Dollar is testing confluence resistance at fresh yearly highs and leaves the immediate price advance vulnerable. Here are the levels that matter on the DXY weekly chart.


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US Dollar May Rise Further as a Cautious Fed Spooks Markets

The US Dollar may continue higher as a cautious tone from the Federal Reserve despite recently rosy data spooks financial markets and inspires haven demand.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...